Greece is experiencing a tourist boom: the number of tourist arrivals from abroad increased from 14.9 million in 2009 to 24.8 million in 2016. According to the Minister of Tourism of Greece Elena Kundury, speaking at the World Travel Market in London, it is expected that international arrivals in 2017 for the first time in the history of Greece will exceed 27 million. According to the World Tourism and Travel Council (WTTC), the contribution of this sector to GDP in 2016 was 18.6%, and is projected to increase to 22.4 % by 2026 – the development of tourism is crucial for the Greek economy. Continue reading
Why is real estate more expensive or cheaper in one place than in another? Often the difference is due to the cost of transport: the cheaper logistics costs, the more expensive a square meter.
For example, the profitability of the plant near the highway is higher than far from it, since the delivery of materials and finished products is cheaper for its owner. Also, the store’s profit is higher if it is located in a residential area: customers often go shopping on the way home. The cost of such real estate is higher, since the price of commercial properties is determined on the basis of a forecast of future income. Continue reading
Investors can invest in value-added projects (construction or renovation of real estate) in two ways:
– Providing a mezzanine loan (mezzanine financing): the investor gives the developer a loan in exchange for interest on the loan, and sometimes, as an additional incentive, and in exchange for a portion of the project’s profit (equity kicker). Continue reading
An apartment in the Austrian Bad Gleichenberg is Olga’s second purchase abroad. At first she chose between Miami and Berlin, but eventually stopped again in Austria. “At some point, I even wanted to buy two apartments: this one to rent, and even a small one for myself,” Olga shares her impressions. How did Tranio win a small resort town in Styria?
– Olga, we know that for you this is not the first purchase of real estate abroad, you still have an apartment in Austria.
– Yes, in Vienna. Continue reading
Investors often compare real estate in Europe with other profitable instruments – government bonds and bank deposits.
Government bonds are one of the main instruments of saving funds for wealthy investors. Such assets bring 0.5–3.0% per annum, do not require maintenance, are a liquid investment tool and are suitable for long-term investments. Continue reading